FINANCE & COMMERCE

Dominion, Volume 37, Issue 190, 10 May 1944, Page 6

FINANCE & COMMERCE

STOCK EXCHANGE

Sales In New Zealand Dealings in stocks and shares recorded on New Zealand Stock Exchanges yesterday were as follows, the number ot shares in each lot being shown In tbe.case of Wellington■

AUCKLAND. War Loan, 2J per cent., 1/8/46, £99/7/6; ■Bonds, 4 per cent., 15/6/52-55, £lO7/2/6; Inscribed Stock, 4 per cent., 15/4/46-49, £lO2/7/6; ditto. 4 per cent., 31/5/54-58, £lOB/10/-; Bank of New Zealand, “D. mortgage, £l/13/9; Commercial Banking, £22/10/-; National Bank of New Zealand, £2/15/-; New Zealand Insurance, £4/9/(2); Dominion Investment, £l/4/3; Colonial Sugar, £5B/12/0; Wilson’s Cement, £1 0/3 (3); Mt. Lyell, £l/13/4}; Walhl Investment, 5/5 (2); I'orest Products, 7/-. CHRISTCHURCH. New Zealand Refrigerating, 10/- paid, 13/- (2); “Herald and Weekly Times, ’ £3 2/6; Broken Hill Pty., ex div., £2/4/5; War Loan, 2} per eent., 1953, £95/ 5/-: Wool Bonds, 1/2/48, £l/0/3; Commercial Bank of Sydney, £22/10/-; Bank of N-iw .South Wales (late yesterday), £37; Natipaal Insurance, ex div., £l/4/6 (3); New Zealand Refrigerating, 10/. paid (late yesterday), 13/-; Westport Coal (late yesterday), £l/5/-; Mt. Lyell, £l/13/3 (2), £1 13/44. DUNEDIN. Inscribed Stock, 3 per cent., December, 1953-50, £lOO/5/-; -ditto, 3 per cent., May, 1953-56, £lOO/10/-; ditto, 2} per cent., 194749, £9B/10/-; ditto, 4 per cent., 195-1-58, £lOB/10/-; National Insurance, £l/4/6 (2); Wellington Woollen Mills, pref., £9/12/6; Booth Macdonald, 5 per cent. deb. stock, £100; Bank of New Zealand, £2/4/3; Maeduffs, ord., 16/-; McKenzies Stores, £2 18/6. Dominion Fertilizer Co., Ltd. The directors of the Dominion Fertilizer Co., Ltd., have decided to recommend to shareholders at the annual meeting to be held on June 7 a dividend at the rate of 3 per cent, for the year ended March 31. The transfer books will be closed from May 25 to June 7. Dividends And Calls Bank of Adelaide—lnt., 2} p.c. .. May 10 Sharland & Co.—int., ord. & pref., 2J p.c. May 10 Union Oil—int. 6d. a share May 12 Mosgiel Woollen—int. 4 p.c May 16 National Ins.—int. 4d. a share.. May 16 By croft—final 4 p.c May 17 Oamaru Woollen—int. 3 p.c May 17 Amal. Wireless—int. 4 p.c. J..... May 19 Kaniere—l/- a share May 19 Dalgety’s—int. 2/6 (less U.K. tax) May 25 Bank N.S.W.—quarterly 6/- a share (Aust, currency) ...... May 25 Alloy Steel (N.Z.)—final 3} p.c., plus bonus of 1/- a share .... May 25 N.Z, Paper Mills—final 4 p.c. .. May 25 Electro Zinc, 4 p.c., ord. & pref. 6 May 26 Nat. Bank A’asia—int. 2} p.c May 31 Broken Hill—int. 6d. a share (Aust, currency) May 31 E.S. & A. Bank—int. 2} p.c. (less U.K. tax) May 31 Equitable Building—final 3 p.c. .. May Self ridges (A’asia.) —6 p.c. May Tui Brewery—int. 6d. a share .. June 1 Henry Jones Co-op.—int. 6d. a share June 1 Kauri Timber —int. 2 p.c June 9 Broken Hill South —6d. a share .. June 16 Mt. Lyell—int. 6d. a share June 19 Wilson’s Cement—final 3d. a share June 21 Bank N.Z.—final, ord. 4 p.c., D Mort., 7} p.c. p.a June 24 Swan Brewery—ord., 6<l. a share and bonus of 3d. a share June I.C.l.—final, ord. 5 p.c July 1

Commonwealth Bank

Deposits held by the trading banks in the special war-time account at the Commonwealth Bank have reached a total of £(177,876,000. This item now exceeds the ordinary deposits at the Commonwealth Bank, which amount to £1(74,663,000. Even the ordinary deposits have doubled during the war, the total at May 1, 1930, being £82,510,000. The effects of war-time expansion are reflected in most items of the bank’s balance-sheet, notably in the holding of Government securities, now £238,799,000, compared with £52,633,000 five years ago. Money in. London stands at £93,192,000 compared with £15,986,000 before the war.

Dow Jones Averages

(By Telegraph.—Press Assn.—Copyright.) NEW YORK, May 9. Dow Jones averages (1926 equals 100):— 20 Rail- 32 Shares

WELLINGTON. No. of Sale. Shares. Priee. £ s. tl. £12*50 3.'. p.C. Stock, .15/1/53-57 104 0 0 £200 4 p.e. ditto, 31/5/54-58 .. 108 10 0 200 National Hank of N.Z. .. 2 la 0 4 4) 0 0 16 0 ]()<) Waibi Invest0 5 5 *0 8 6 n Q<) Walid Invest *0 5- a *Late sale Monday.

roads. Industrials, sold Apr. 26 .... .... 38.22 135.67 491.000 27 .... .... 38.57 136.07 620,000 Apr. 28 .... 38.88 136.21 561.000 May 2 .... .... 39.00 137.15 571,000 May' 3 .... .... 39.10 137.83 626,000 May* 4 .... .... 38.88 137.85 513,000 May 5 .... .... 39.33 138.74 787,000 May 8 .... .... 39.02 138.63 586,000